ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

PAUL'S CYCLES (HOLDINGS) LIMITED - Company Information

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Registered number: 08800343









PAUL'S CYCLES (HOLDINGS) LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2022
 
PAUL'S CYCLES (HOLDINGS) LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1
Notes to the Financial Statements
 
 
2 - 3

 
PAUL'S CYCLES (HOLDINGS) LIMITED
REGISTERED NUMBER: 08800343

BALANCE SHEET
AS AT 31 JANUARY 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 3 
1,000
1,000

  
1,000
1,000

  

Creditors: amounts falling due within one year
 4 
(1,740)
(1,344)

Net current liabilities
  
 
 
(1,740)
 
 
(1,344)

Total assets less current liabilities
  
(740)
(344)

  

Net liabilities
  
(740)
(344)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(1,740)
(1,344)

  
(740)
(344)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr M E Colley
Director

Date: 27 October 2022

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
PAUL'S CYCLES (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1.


General information

The Company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales. The address of its registered office is Unit A, 13 Yaxham Road, Dereham, Norfolk, NR19 1HB.
The Company's principal activity is that of investment holding. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2021
1,000



At 31 January 2022
1,000




Page 2
 
PAUL'S CYCLES (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

4.


Creditors: Amounts falling due within one year

2022
2021
£
£

Amounts owed to group undertakings
1,344
972

Accruals and deferred income
396
372

1,740
1,344



5.


Related party transactions

At the year end, the company owed £1,344 (2021: £972) to a group company as shown in note 4.  The loan is interest free and repayable on demand.


6.


Auditors' information

The auditors' report on the financial statements for the year ended 31 January 2022 was unqualified.

The audit report was signed on 27 October 2022 by Frank Shippam BSc FCA DChA (Senior Statutory Auditor) on behalf of MA Partners Audit LLP.

 
Page 3